Cost of Living in Melfa, VA

With a cost of living index of 73, Melfa, VA is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and 31% below the Virginia state average of 104. Melfa is a small community of 447 residents.

Housing costs are the biggest factor in Melfa's cost of living. The median monthly rent is $836 (37% below the US median of $1,319), and the median home value sits at $159,700 (48% below the national median of $304,900). At current prices, the median home costs roughly 5.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Melfa is $28,250, which is 62% lower than the national median of $75,149. Residents spend roughly 36% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.